A Western Australian grain farm the size of Bahrain is already attracting attention from institutional investors, real estate agents say.
With a string of big deals in Australia and elsewhere, Canadian investors continued to flex their muscles and demonstrate their commitment to the asset class in 2023.
COP28 fails to deliver agreement on Article 6, which is needed for a global carbon market; Ara Partners closed its Fund III above target on $2.8 billion; Rural Bank expects a mixed year for Australia in 2024; deals round-up and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only.
Trade of carbon credits between countries remains out of reach as agreement could not be found on the all-important Article 6 that was introduced in 2015 at COP21, Paris.
Firm announces the largest fund close by a specialist impact manager, significantly surpassing its $2bn target.
Rob Dongoski says he will also look for opportunities to work with private equity firms in ways that were not possible as a member of SEC-regulated EY.
The firm has been in conversations with certain LPs about bringing Fund VI to market, likely next year, sources said.
Climate Fund Managers’ Andrew Johnstone says COP is important for vehicles such as his firm’s blended finance GAIA Fund, which needs coordination across several government ministries.
Fund III's investors include CalSTRS, the Grantham Foundation, the University of California, Sobrato Capital, Strategic Investment Group and Northwestern University.
Mitsubishi and UN back $1.5 billion blended climate fund; Mirova launches Land Fund II; Amundi hits €130m close on €750m debt funds. Plus: Australia sweats its food security; soil carbon alliance is launched, and more. Welcome to Field Notes, the start-of-the-week briefing for our valued subscribers only.